Top 1000 ETH Whales Are HODLing COMP, is DeFi Making a Comeback?

The Decentralized finance (DeFi) market has been bearish these past days, but investors were observed to be HODLing tokens, particularly Compound (COMP) tokens. Despite the decline in DeFi use, COMP made it into the top 10 purchased tokens among the 1000 biggest Ethereum (ETH) wallets in the past 24 hours.

JUST IN: $COMP @compoundfinance now on top 10 purchased tokens among 1000 biggest #ETH whales in the last 24hrs 🐳

We’ve also got $SHIB & $BIT on the list 👀

Whale leaderboard: https://t.co/jFn1zIOq03#COMP #whalestats #babywhale #BBW pic.twitter.com/pu7AAi48hn

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 26, 2022

According to ETH whales tracker WhaleStats, COMP today managed to slip into the list, along with Shiba Inu (SHIB) and BitDAO (BIT). On May 25, SHIB and BIT made it into WhaleStats’ top 10 purchased tokens among the 100 biggest ETH whales.

However, when looking at the most purchased tokens by the top 100 ETH wallets, COMP did not make the top 17. Other DeFi tokens, such as Aave (AAVE) and Maker (MKR), on the other hand, rank fifth and sixth on the list.

Among the top purchased tokens by the 100 ETH whales, AAVE got an average purchase amount of $10,448 and an average token quantity of 101. Meanwhile, Maker has an average purchase amount of $6,556 and an average token quantity of five.

Data from WhaleStats also placed AAVE as the most traded token, while Uniswap (UNI) takes the most widely held token title among the top 100 whales.

It is important to note that the DeFi market is running red, with the total DeFi TVL of 16% from its peak earlier this year. With DeFi tokens like COMP, AAVE, and UNI headlining WhaleStats lists, can this be a sign that the sector is making a comeback?